Here's Why Mastercard Fell on Thursday
The stock market suffered its largest percentage loss since 1987 on Thursday, with the Dow Jones Industrial Average and the benchmark S&P 500 index both falling nearly 10% on the day. The indices are both more than 25% lower than their all-time highs, which were reached just a month ago.
The financial sector has been one of the worst-performing parts of the market in the downturn, and even the best-performing fintech stocks of recent years haven't been immune. Just three weeks after hitting an all-time high of $347.25 per share, Mastercard (NYSE: MA) shed 10.5% of its value on Thursday and is now more than 30% down from its highs.
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Source Fool.com
